Short Term Trading Opportunity in Jubiliant PharmovaHi,
NSE:JUBLPHARMA has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Bankniftytradesetup
Short term trading opportunity in Vindhya Telelink for 20% upsidHi,
NSE:VINDHYATEL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Short Term Trading Opportunity in Emami Ltd for >20% upsideHi,
NSE:EMAMILTD has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Short Term Trading Opportunity in Suprajit Eng for 20% upsideHi,
NSE:SUPRAJIT has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Short Term Trading Opportunity in BEPL for > 20% upsideHi,
NSE:BEPL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
BANKNIFTY Intraday Trade Setup For 30 Jul 2024BANKNIFTY Intraday Trade Setup For 30 Jul 2024
Sell_1- From 51905
Invalid-Above 52015
T- 51400
Sell_2-Below 51130
Invalid-Above 51240
T- 50380
BANKNIFTY has closed with a slight gain of 0.22% today. Closing sentiment is bearish as it closed near day low and formed a shooting star candle in daily TF. Sell off was brutal as in just 15-20 Min it was tanked 1100 points. So tomorrow we will maintain a bearish stance or sell on rise approach overall. 51900-51950 can be an intra resistance. Below 51130 index can slip 51600 zone.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 51130 then we will short for the target of 50380.
2nd sell positioned can be done from 51900-50 zone. T- 51400.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
#Banknifty directions and levels for July 29th.Bank Nifty:
Bank Nifty also saw a strong pullback in the last trading session. If the gap-up sustains, then the pullback will likely continue. My expectation is that, as per the structure, we can't expect much of a retrace even if it rejects either of the resistance levels. This means that if the gap-up sustains, it will continue the rally with some little consolidation. This is our first variation.
Alternatively, if the gap-up doesn't sustain or if it rejects either of the resistances sharply, we can expect a 61 to 78% correction in the minor swing, but it should break the 38% Fibonacci level. If it doesn't break it, then it will maintain the bullish bias.
BankNifty Intraday Support & Resistance Levels for 29.07.2024On Friday, BankNifty opened gap down but recovered over 950 points from the bottom, closing near the 15m supply zone mentioned in the last post at 51295.95. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) is sideways.
Support Levels:
Near Demand/Support Zone (15m): 51023 - 51082
Near Demand/Support Zone (30m): 50851 - 50951
Major Demand/Support Zone (Weekly): 49530 - 50253
Resistance Levels:
Near Supply/Resistance Zone (15m): 51317 - 51462 (already tested on Friday)
Major Supply/Resistance Zone (Daily): 51874 - 52587
#Banknifty August 1st week directions and levels.Bank Nifty
Bank Nifty's structure is a bit different from Nifty. It hasn’t pulled back as much, but the trend is still positive. Bank Nifty is currently in the 5th wave, indicating a bullish move. However, since the 5th wave is usually slower, we expect a less aggressive rally, possibly at a 40 to 50-degree angle. We’re targeting 52,674 for this rally. This is our main view.
Alternatively, if the market faces resistance at the 50 or 61% levels, it may correct further. Initially, the market might move within a range, and a break of this range could lead to more correction.
BANKNIFTY Intraday Trade Setup For 29 Jul 2024BANKNIFTY Intraday Trade Setup For 29 Jul 2024
Bullish-Above 51400
Invalid-Below 51290
T- 51950
Buy-From 50845
Invalid-Below 50735
T- 51300
BANKNIFTY has closed on a slight bearish note with 1.86% cut last week. On Friday there was buying from opening itself, it was Open=Low day. It has taken support from 50 EMA in daily TF. Now above 51400 this bounce can be extended at least towards 52K zone. Below 50350 in daily TF it will be bearish in short term. Best trade will be in bullish side tomorrow if we get a slight pullback before breakout of 51400. 50845 can be intra support.
Coming to Monday's trade setup, if index opens opens flat and a 15 Min candle closes above 51400 then we will long for the target of 51950-52k
2nd buying can be done from 50845. T- 51300.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
#BANKON RECOVERY 29/07/2024NIFTY BANKNIFTY has its recovery rally now its probability of achieving the target means trying to touch its all-time high and it should be showing 500 600 + points on the move and creating a new all-time high but if it crosses level 52500 then it will happen so not be bothered to trade and go ahead to clear the losses and stand on profit
L E V E L S:-
SUPPORT-51000
RESISTANCE-51150, 51500
Bank Nifty 1d Technical Analysis - Bank Nifty is currently trading at 51,295 and looking Bearish on a High Time Frame
- Watch out if you are looking for Aggressive longs or adding stocks for long-term
- The location looks very scary so try to be a little conscious while longing for BNF
- Watch out for the bearish OB reaction
- Any sweep above that can easily lead to huge impulsive moves
- My overall bias remains bearish
BankNifty Analysis for Monday 15th July 2024BankNifty Analysis for Tomorrow 15th July 2024
As per our analysis for Bank Nifty, we are expecting these lower levels tomorrow, kindly check the charts on 15 min time frame and act accordingly.
*Previous Close: 52278.90*
Buyers can be active above Zero Line (Previous Closed): 52,278.90
Level = TGT 1 : 52482.30 | TGT 2 : 52719.35 | TGT 3: 52956.35
Sellers can be active below Zero Line (Previous Closed): 52,278.90
Level = TGT 1 : 52069.20 | TGT 2 : 51839.00 | TGT 3 : 51561.35
Few Points Needs to be remembered :
- Chart Using "Heikin Ashi"
- All the levels are based on 15 min chart only
- These Analyzed levels should only be considered as Intraday Levels
- The Predicted levels can be contra trade for sellers as well (That's why marked buy in the bottom and sell in the above side)
*Disclaimer*: All the provided levels are for educational purpose only, please do your own analysis before doing any trade in the live market or consult your financial advisor before act.
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[INTRADAY] #BANKNIFTY PE & CE Levels(26/07/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 51050 level then possible upside rally of 400-500 points upto 51450 level in todays session. Any Major downside only expected in case banknifty starts trading below 50950 level.
BankNifty Intraday Support & Resistance Levels for 26.07.2024On Thursday, BankNifty opened gap down, broke the previous day's low making a new low at 50559.90, and closed at 50888.75, down by 428 points. The weekly trend (50 SMA) remains positive, but the daily trend (50 SMA) is now sideways.
Support Levels:
Major Demand/Support Zone (Weekly): 49530 - 50253
Resistance Levels:
Near Supply/Resistance Zone (15m): 51317 - 51462
Major Supply/Resistance Zone (Daily): 52880 - 53187